Beneficiary Data

Definition ∞ Beneficiary data comprises personal or entity-specific information related to the recipient of funds or assets in a transaction. This data is essential for identifying the ultimate receiver and ensuring compliance with financial regulations. It includes details such as names, addresses, and account identifiers.
Context ∞ The significance of beneficiary data is a central point in ongoing discussions about anti-money laundering and know-your-customer regulations within the digital asset space. Regulators increasingly require virtual asset service providers to collect and transmit this information for transparency. Monitoring advancements in secure data sharing protocols for beneficiary data remains important for compliance and market integrity.